What to expect from $BTC ? - AMBCrypto Analytics

AMBCrypto analyzed Bitcoin’s daily chart to understand how the selling and buying pressure was affecting the coin’s price. We found that most of the market indicators looked pretty optimistic.

For instance, the MACD displayed the possibility of a bullish crossover. Its Relative Strength Index (RSI) registered an uptick and was headed towards the neutral mark of 50.

The Money Flow Index (MFI0) also moved upward. At press time, it had a value of 34, meaning that more money was flowing into BTC. 

On top of that, the Chaikin Money Flow (CMF) also followed a similar increasing trend. These indicators suggested that the chances of BTC’s price moving up were high.